Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Risk Based Internal Auditing for Manufacturing Industries

By: TSI Limited

Lagos State, Nigeria

16 - 18 Aug, 2017  3 days

Follow Event

  

NGN 195,000

This intensive 3-day training in Risk Based Internal Auditing covers the main audit functions and the process of implementing an enterprise risk management approach (ERM) when conducting internal audits especially in a manufacturing outfit..
The training program covers in great detail all steps involved in planning, developing and implementing a risk-based approach for Manufacturing  companies
 
Learning Objectives

At the end of the 3 days sessions, participants would be able to:

  • discuss Enterprise-Risk Management effectively to gain management approval of its adoption 
  • establish a framework for its implementation;
  • develop a plan on how to implement risk based internal auditing;
  • apply a Risk-based approach to internal auditing;

Course Outline

  • Why risk-based internal auditing?
  • Risk-based internal auditing defined
  • The paradigm shift in internal auditing: why it is happening and why it is necessary
  • How risk-based auditing differs from current approaches
  • The advantages of risk-based auditing to you and your organization
  • Enterprise Risk Management
  • Objectively driving the Enterprise Risk Management environment
  • Equating risk management and corporate governance
  • The primary subsets of enterprise risk management
  • Strategically cascading risk ownership
  • The impact of ERM on the internal audit group
  • Fundamental issues of how risk will be assessed
  • Risk registers
  • Key attributes of a risk-based audit function
  • Understanding the meaning of ‘true business risk’ and its impact on the audit function
  • Ability to identify key types of business risk
  • Understanding how business risk should drive the audit function
  • Acknowledging the interrelationship between business risk and control failure
  • Making risk a top priority
  • Defining the skill sets and competencies required under a risk-based audit
  • Strategies for educating your auditors in risk-based approaches
  • Focusing on deliverables as the audit product
  • Transitioning existing audit styles and defining new ones
  • Identifying reporting relationships
  • Redefining the audit process for a risk-based function
  • Creating a plan for implementing risk-based auditing in the organization
  • Targeting the engagement on key risk areas for focused, high-impact, resource maximization
  • Employing risk-centric fieldwork tools and techniques
  • Utilizing a business risk-oriented reporting format
Digital Age Hall, Ground Floor of Capital Building, 332 Ikorodu Road, Idiroko Bus- Stop, Maryland, Near LASU, Anthony Campus, Lagos Aug 16 - 18 Aug, 2017
NGN 195,000.00
(Convert Currency)

+1-646-202-8832, +2348033467639, +2348023019508,

LEAD FACULTY: Richard Mayungbe, PhD, MSc, MBA, BSc, FCCA, FICA, CPFA, ACFE, MICM, MIPN, Ch.MC, MITD, SEC Licensed Investment Adviser
Related Courses
Certification in Supply Chain and Operations Management (CISCOM) Certification in Supply Chain and Operations Management (CISCOM)

5 days, 10 - 14 Apr, 2017 

2017-04-10 12:04:00
Lagos State, Nigeria

TSI Limited

CISCOM is the FIRST certification to combine the supply chain management and operations management bodies of knowledge into a single integrated training program. Relevant, Current, Effective- The ...

Finance for Non Finance Managers Finance for Non Finance Managers

3 days, 26 - 28 Jun, 2017 

2017-06-26 12:06:00
Lagos State, Nigeria

TSI Limited

Managers in any non-financial function, who are responsible (currently or after promotion) for improving the financial performance of a business unit and/or are required to take financial issues into ...

Business Etiquette Course Business Etiquette Course

3 days, 10 - 12 Jul, 2017 

2017-07-10 12:07:00
Lagos State, Nigeria

TSI Limited

Business Etiquette is so much more complex than knowing table manners like which fork to use at a business lunch. This training course examines the basics, most importantly to be considerate of ...

Counselling Skills Course Counselling Skills Course

3 days, 12 - 14 Jul, 2017 

2017-07-12 12:07:00
Lagos State, Nigeria

TSI Limited

Workers going through psychological imbalances can only be ameliorated through the services of trained counsellors. Counsellors are needed in work setting to assist in the screening, hiring and ...